MBD Sure Shot CBSE Sample Papers Accountancy-XII
Sam
20. From the following cash transactions relating to Royal Club, Green Park, prepare
w ant for the year ended 31st March, 2019 and a Balance Sheet as at that date
Receipts
Payments
To Cash in hand on 1st April, 2018 4900
By Salaries20100
By Travelling Expenses
8,600
subscription ( including 800 for the year ending 31.3.2020) 52.100 By Printing & Strtionery
1,720
6,000 by donation by Rent
16,600
To Proceeds from chanty show
16,200 By Repairs
450
To sale of furniture ( book value 4000)1600
By Building purchases
30,000By Government bonds
5,000
to life membership fee
9,000 By Balance dd 0:31.3.2019
32,130
To lo on Investments
(Cost of investments 40,000) 4,800
To Sale of old car
20,000
11.14 600
1.14.600
On 1-4-2018, he club owned land and building valued at 40,000 and furniture valued at 10,500. There
were 150 members on that date, each of whora had paid subscription of 100. The book value of car was
25000
Subscriptions due on 31st March, 2018 and on 31st March, 2019 are 3.400 and 2,000 respectively
Similarly, interest on Investments due at the beginning of the year wu 800 and at the end of the year was
1.000.
Answers
Answer:
I am not sure I don't know answer of this question
Answer:
Explanation:
Income and expenditure A/c
To salary 20100 By Subscription 49900
To Travelling exp 8600 By Donation 6000
To Printing & stat 1720 By Proceed from
To Rent 16600 charity show 16200
To Repairs 450 By investment 5000
To Loss on sale 5000
To sale of furniture 2400
To surplus 222300
77100 77100
BALANCE SHEET
Capital fund 109600 Investment 40000
surplus 222300 building 70000
Life membership fee 24000 govt. bond 5000
Adv subscription 800 Cash 32130
subscription 2000
Furniture 6500
Interest 1000
156630 156630